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Croatia's Kras generates one-third of ZSE total turnover, share indices rise

Croatia's Kras generates one-third of ZSE total turnover, share indices rise Zagreb Stock Exchange (ZSE)

ZAGREB (Croatia), October 11 (SeeNews) - Trading in the shares of Croatian confectionery producer Kras [ZSE:KRAS] contributed more than one third (37%) of the total turnover on the Zagreb Stock Exchange (ZSE) on Friday, as their share price rose, bourse data showed.

Kras closed at 1,020 kuna, up 4.08%, in a turnover of 3.4 million kuna, data posted on the ZSE website showed. 

On September 9, meat producer Braca Pivac said it plans to launch a joint buyout bid with local trading company Kras-ESOP for the remaining stake of 50.82% in Kras the two firms do not own among themselves yet. The company's shares were trading below the 400 kuna mark before the buyout plans were announced.

The share indices of the Zagreb Stock Exchange (ZSE) rose on Friday, supported by a rise in Atlantic Grupa [ZSE:ATGR], ZSE data showed.

Atlantic Grupa closed 2.38% higher at 1,290 kuna, leading the blue-chip gainers. 

Power transmission equipment manufacturer Dalekovod [ZSE:DLKV] paced the blue-chip losers, with shares closing at 5.04 kuna, down 2.33%.

Arena Hospitality Group [ZSE:ARNT] contributed the biggest portion of trading turnover among the blue chips on Friday, of 1.1 million kuna. The company's shares closed flat at 370.

The ZSE's total trading turnover rose to 9.3 million kuna ($1.4 million/1.3 euro), from 7.1 million kuna on Thursday.

The 25-share benchmark CROBEX index added 0.26% to 1,945.55 after growing 0.58% in the previous trading session.

The narrower of the ZSE's two blue-chip indices, the CROBEX10, which tracks the leading companies in terms of free float, market capitalisation and liquidity, increased 0.35% to 1,155.68 after adding 0.40% on Thursday.

The fixed-income CROBIS index lost 0.03% to 116.8258.

(1 euro = 7.42950 kuna)